In his 2018 Annual Letter, Terry Smith discussed why you should stay invested in the stock market. Here’s an excerpt from the letter: Imagine a fund manager approached you with an offer for you to invest in a portfolio of high quality companies. You may quite like the strategy but … Read More
Warren Buffett: Overdiversifying – The Noah School Of Investing
In his 1966 Buffett Partnership Letter, Warren Buffett discussed Overdiversifying – The Noah School of Investing. Here’s an excerpt from the letter: There is one thing of which I can assure you. If good performance of the fund is even a minor objective, any portfolio encompassing one hundred stocks (whether … Read More
One Stock Superinvestors Are Selling
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More
Is BNSF A Proxy For The U.S Economy?
During their latest episode of the VALUE: After Hours Podcast, Morris, Taylor, and Carlisle discuss Is BNSF A Proxy For The U.S Economy?. Here’s an excerpt from the episode: Jake: Let’s switch gears to the railroad. So, revenue coming in at $25 billion last year, which is up 12%. Sounds … Read More
Howard Marks: Investors Drive Themselves Nuts Focusing On The Short-Term
In this interview with SJP, Howard Marks discusses how investors drive themselves nuts focusing on the short-term. Here’s an excerpt from the interview: Marks: The least important thing is the short run. Everybody’s obsessed with what is going to be inflation over the next six months. What will the Central … Read More
Michael Mauboussin: Investors Should Always Compare Opportunities With Appropriate References
During his recent interview with Tim Ferriss, Michael Mauboussin explained why investors should always consider comparing opportunities with appropriate references. Here’s an excerpt from the interview: Mauboussin: But the broader lesson is that no matter what you’re thinking of doing, moving to a new city, taking a new job, anything … Read More
One Stock Superinvestors Are Buying
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, … Read More
Will Home Prices Drop?
During their latest episode of the VALUE: After Hours Podcast, Morris, Taylor, and Carlisle discuss Will Home Prices Drop?. Here’s an excerpt from the episode: Tobias: Finger on the pulse. So, Alex, you’ve been doing some work on HD. What do you–? [crosstalk] Jake: Home Depot for the laymen. Tobias: … Read More
Bill Nygren: Idea Generation For Value Investors
During his recent interview with Value Investing With Legends, Bill Nygren discusses idea generation for value investors. Here’s an excerpt from the interview: Nygren: I think it would be an overstatement to say that it’s a systematic process. Our idea generation I think is very similar to a lot of … Read More
Tom Gayner: Finding Bargains On The New High/New Low Lists
During his recent interview with The Business Brew, Tom Gayner discussed finding bargains on the new high/new low lists. Here’s an excerpt from the interview: Gayner: Let me clarify. So that new high and new low list statement, what I said was, in my earlier life I used to read … Read More
Warren Buffett – Top 10 Holdings – Latest 13F
One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of time … Read More
VALUE: After Hours (S05 E8): Bumper Buffett Berkshire Letter, $HD And The Economy, Housing Slowdown
In their latest episode of the VALUE: After Hours Podcast, Alex Morris, Jake Taylor, and Tobias Carlisle discuss: $HD And The Economy Is BNSF A Proxy For The U.S Economy? Dairy Queen – The Company That Keeps Giving To Berkshire Warren Buffett’s Masterful Use Of Debt Berkshire’s Next YOLO Trade … Read More
This Week’s 10 Big Named Companies Near 52 Week Lows
Over the past twelve months a number of big named companies have been near or below their 52 week low price. Each week we’ll take a look at some of the biggest names currently close to their 52 week lows: Symbol Name Price $ 52 Week Low $ JNJ Johnson … Read More
This Week’s 10 Worst Performing Mega-Cap Stocks Last 12 Months
Over the past twelve months ten Mega-Cap stocks have underperformed all others. Mega-Caps are defined by $200 Billion Market Cap or more. Here’s this week’s top 10 worst performing Mega-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) AMZN Amazon.com Inc -39.02% GOOGL Alphabet Inc -32.60% … Read More
Stock In Focus – TAM Stock Screener – Encore Wire Corp (WIRE)
As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners. One of the cheapest stocks in our Stock Screeners is: Encore Wire Corp (WIRE) Encore Wire Corp is engaged in manufacturing … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (3/3/2023)
This week’s best investing news: Berkshire Hathaway 2022 Annual Report (BH) Greenlight’s David Einhorn says there are two types of buybacks (CNBC) Howard Marks – Global Investment: Are We Witnessing a Sea Change? (Asia Society) A History of Market Panics (Jamie Catherwood) Berkshire Hathaway Q4 2022 Earnings Report (BH) Burry … Read More
Stocks In A ‘Death Zone’
During their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss Stocks In A ‘Death Zone’. Here’s an excerpt from the episode: Tobias: This is from John Rotonti, mike Wilson on the death zone. Have you heard this? He’s talking about the low in October versus … Read More
This Acquirers Multiple Stock Appearing In Einhorn, Druckenmiller, Greenblatt Portfolios
Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, … Read More
David Einhorn: Good Buybacks vs Bad Buybacks
During his recent interview with CNBC, David Einhorn discussed the difference between good buybacks vs bad buybacks. Here’s an excerpt from the interview: Einhorn: There’s two types of buybacks, right? There’s the buybacks where the company has extra profits and they want to return it to shareholders, and they want … Read More
Howard Marks: A Soft Landing Is Extremely Unlikely
During his recent interview with the Asia Society, Howard Marks explained why a soft landing is extremely unlikely. Here’s an excerpt from the interview: Marks: It was a great investment sage called Peter Bernstein, and he wrote me once, that the market is not an accommodating machine, it will not … Read More